Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) Hits New 12-Month Low – Here’s What Happened

Shares of Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) hit a new 52-week low during trading on Tuesday . The company traded as low as $45.82 and last traded at $45.89, with a volume of 53289 shares trading hands. The stock had previously closed at $46.13.

Vanguard Mortgage-Backed Securities ETF Stock Performance

The company has a fifty day moving average price of $46.33 and a two-hundred day moving average price of $46.73.

Vanguard Mortgage-Backed Securities ETF Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Tuesday, September 1st will be issued a dividend of $0.1666 per share. This represents a c) dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Tuesday, September 1st.

Hedge Funds Weigh In On Vanguard Mortgage-Backed Securities ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Alternative Investment Advisors LLC. lifted its holdings in shares of Vanguard Mortgage-Backed Securities ETF by 10.6% during the second quarter. Alternative Investment Advisors LLC. now owns 87,940 shares of the exchange traded fund’s stock worth $4,117,000 after purchasing an additional 8,395 shares during the period. HighTower Advisors LLC raised its position in Vanguard Mortgage-Backed Securities ETF by 1.6% during the 2nd quarter. HighTower Advisors LLC now owns 1,295,464 shares of the exchange traded fund’s stock worth $60,641,000 after purchasing an additional 20,739 shares during the last quarter. Sovereign Investment Advisors LLC raised its position in Vanguard Mortgage-Backed Securities ETF by 1.0% during the 2nd quarter. Sovereign Investment Advisors LLC now owns 173,909 shares of the exchange traded fund’s stock worth $8,141,000 after purchasing an additional 1,796 shares during the last quarter. Fortitude Advisory Group L.L.C. acquired a new position in Vanguard Mortgage-Backed Securities ETF during the 2nd quarter worth about $412,000. Finally, Unique Wealth LLC lifted its holdings in Vanguard Mortgage-Backed Securities ETF by 80.0% during the 2nd quarter. Unique Wealth LLC now owns 7,772 shares of the exchange traded fund’s stock worth $364,000 after buying an additional 3,455 shares during the period.

About Vanguard Mortgage-Backed Securities ETF

Vanguard Mortgage Backed Securities ETF (the Fund) seeks to track the performance of a market-weighted, mortgage-backed securities index. The Fund employs a passive management or indexing investment approach designed to track the performance of the Barclays Capital U.S. MBS Float Adjusted Index (the Index). The Index covers the United States agency mortgage-backed, pass-through securities issued by Government National Mortgage Association (GNMA), Federal National Mortgage Association (FNMA) and Federal Home Loan Mortgage Corporation (FHLMC).